Citigroup Inc (NYSE:C) Stock Analysis - 11/3/10

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for November 3, 2010

Citigroup Inc (C:NYSE) Support & Resistance Levels - 11/3/10

Resistance Levels: $4.20, $4.30

Support Levels: $4.00, $3.90

Chart - http://www.stockcharts.com/

Citigroup Inc (C) continues to trade around that $4.18 on low volume. Citigroup Inc has formed a double top recently located at $4.30. I plan to buy Citigroup when it breaks up through $4.30 resistance with a price target of $4.55-$4.70 soon after. Citigroup would also be a strong buy below $4.00. Over the past 3 months, Citigroup has been bought heavily below $4.00 and if we would see another dip below this level, the stock will see strong buying again.

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